Dear CFO Moves reader,
Here are some snippets Jim shared with me on the following topics:
Some key challenges to a rapidly growing software company: Really making sure that you integrate well and deliver on your promise. Progress shifting from more license based models to cloud based and recurring SaaS based models.
Older tech companies having a difficult time growing: There’s been such a shift to cloud, and to analytics, and to SaaS. New companies, those that are starting the kind of legacy free, are the ones where all the growth is coming from.
Advice to future CFOs: Get as broad a level of business and operational experience as you can. You get a totally different perspective looking through the lens of somebody in the business versus somebody in finance. I’m seeing more and more CFOs these days that didn’t come up through the public accounting ranks.
The new CEO/CFO relationship: It seems CEO increasingly wants to be able to spend their time externally making a name for the company with customers and wants a CFO that can make sure that everything, not just the numbers, come together, and that the business is operationally being optimized continuously too.
Building your career: Take chances to do jobs you’ve never done before. Your job isn’t just to run it, but to make it substantially better when you left the role versus when you started it. I shy away from jobs where everything is working perfectly when you go in, because there really is no other way but down.
If you know of a CFO worthy to be profiled, please contact me.
See you again on Monday,